December 13, 2025
Cybrilla – ONDC Route
Enable distributors and fintechs to become ONDC Buyer Apps for Mutual Funds. MFStack provides the full UI + app layer, while Fintech Primitives handles the ONDC-compliant API integration with Cybrilla POA (Seller App for AMCs).
ONDC brings interoperability to the mutual fund industry through the Beckn protocol.
In this model, AMCs participate as Seller Apps and distributors or fintechs join as Buyer Apps. Cybrilla POA enables AMCs to operate digitally as Seller Apps, accepting MF transactions through standardized ONDC MF Specifications.
MFStack helps distributors, wealth firms, and fintechs launch ONDC-compliant Buyer Apps quickly — complete with UI workflows, branded apps, onboarding experiences, and seamless integration via Fintech Primitives, an authorized Cybrilla POA partner.
This creates an end-to-end route for distributors to transact with AMCs over ONDC without building infrastructure.
How the ONDC Mutual Fund Flow Works
1. AMCs on ONDC — Powered by Cybrilla POA
Cybrilla acts as the AMC’s Point of Acceptance (POA) — a digital branch that:
- Accepts MF applications on behalf of AMCs
- Validates and forwards them to RTA systems
- Follows ONDC MF Specifications
- Operates via asynchronous flows (action → ACK → on_action → ACK)
POA is the seller-side gateway for all AMC transactions on ONDC.
2. Distributors & Fintechs as Buyer Apps — Powered by MFStack
Becoming a Buyer App is technically complex.
MFStack removes that friction by providing:
- A complete branded investor app (web + mobile)
- Full MF onboarding & transaction workflows
- ONDC-compliant patterns built into flows
- Automatic mapping to Fintech Primitives APIs
- Seamless communication with Cybrilla POA
This turns any distributor or fintech into an ONDC-ready investing platform.
3. Fintech Primitives — The Integration Bridge
Fintech Primitives is an authorized POA partner and handles:
- ONDC MF spec–compliant API calls
- Action request construction
- Async callback handling (
on_action)
- RTA transaction routing behind the scenes
- Error normalization & workflow stability
MFStack plugs directly into FP’s infrastructure, removing all integration effort.
What This Use Case Delivers
1. ONDC Buyer App Without Building Infra
Distributors get:
- A ready app
- ONDC-ready MF journeys
- Compliance-aligned flows
- Seamless transaction handling
- A branded experience for investors
Everything works out of the box.
2. Faster Onboarding to ONDC Network
You get help with:
- Pre-production testing
- ONDC compliance validation
- Call sequencing tests (action → ack → on_action)
- Buyer App network registration
- Go-live readiness
MFStack + FP streamline the certification workflow.
3. Complete Investor Journeys for ONDC
- KYC and onboarding
- Lumpsum, SIP, STP*, Switch*, Redemption
- Portfolio tracking
- Payment methods
- Reporting flows
All aligned with ONDC MF specifications.
4. AMC-Level Interoperability
Your app can interact with:
- Any AMC available on ONDC via POA
- Multiple AMCs through the same protocol
- Standardized request/response structures
One integration → many AMCs.
Who This Use Case Is For
- Distributors wanting to participate in ONDC
- Fintechs adding ONDC-based MF investing
- Wealth firms expanding distribution through interoperable channels
- AMCs building network-enabled investor experiences
How It Connects With Other Use Cases
- Launch Your Branded App → Your ONDC Buyer App is your branded investor experience.
- Distributor Initiated Transactions → ONDC flows still support assisted advisory models.
- Sell Mutual Funds via Your App → MF journeys operate flexibly inside ONDC or outside it.
Narrative Snapshot
A distributor wants to join ONDC but lacks technical resources to build a Buyer App.
MFStack gives them a fully branded app with MF journeys.
Fintech Primitives connects them to Cybrilla POA using ONDC MF specifications.
After completing ONDC testing, the distributor goes live — now interoperable with multiple AMCs via a single route.